Standard Chartered Bank

  www.standardchartered.com
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Standard Chartered Bank Reviews in Singapore

Updated August 9, 2014
Updated August 9, 2014
572 Reviews

3.5
572 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Standard Chartered Bank Group CEO Peter Sands
Peter Sands
230 Ratings

Review Highlights

Pros
  • Work-life balance does exist, but there are some individuals who slog like slaves (in 47 reviews)

  • Nice working environment inside the company (in 38 reviews)


Cons
  • work life balance based upon projects (in 19 reviews)

  • long working hours, low pay, no recognition at work unless youre an indian (in 15 reviews)

More Highlights

119 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Great bank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    people oriented and a lot of opportunity to grow

    Cons

    nothing major- it is a great place

    Recommends
    Positive Outlook
  2.  

    Very long hours rewarded by a fantastic view of Marina Bay

    Former Employee - Summer Analyst  in  Singapore (Singapore)
    Former Employee - Summer Analyst in Singapore (Singapore)

    Pros

    I once asked my analyst the best part of wroking fro Standard Chartered.

    24 Days annual leave :D

    The best part about working here is not working here.

    Cons

    The pay is terrible. Horrendous.

    Advice to ManagementAdvice

    Pay us more.

  3.  

    Great place for career development and international exposure

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director  in  Singapore (Singapore)
    Current Employee - Director in Singapore (Singapore)

    Pros

    Worked in five different roles/offices in 8 years with the bank. Worked with international colleagues across Asia, Africa and Middle East. Fantastic opportunities to move into different roles and gained experiences in project management, facilitation of discussions, managing business relationship, development of influencing and communications skills. Opportunities to interact with senior business leaders and participate in decision making process once you have proven with your skills and attitudes

    Cons

    Retrenchment is unavoidable in banking industry and more so now for the past 2 years. You have to watch your back tightly and check if your job is secured from time to time. You do not want to be catch unprepared.

    Advice to ManagementAdvice

    Cost management s important to the P and L of the company. However, it may be difficult to spot the real talent who really contribute positively, worth their salary and stay in the bank. management need to be more discern on who to let go rather than letting go blindly and basing the reason solely on manpower cost.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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  5.  

    Good company

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    good perks, work flexibility, depening upon department, you can learn a lot at work

    Cons

    too top heavy to look after career interest of even 60% of staff

  6.  

    Good bank to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Junior Manager  in  Singapore (Singapore)
    Former Employee - Junior Manager in Singapore (Singapore)

    Pros

    Open culture and very good staff benefit. Encourages growth.

    Cons

    Nice gesture to keep those who worked for a long time around however it give the impression to the junior staff that they may not be given the opportunity due to some long timers holding on to their same position for a long time.

    Advice to ManagementAdvice

    Continue on the open culture and policies. Get it touch with the junior people on the ground to get a deep understanding on the morale or challenges they are facing.

    Recommends
    Neutral Outlook
    No opinion of CEO
  7.  

    Great

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    a lot of career and network progression

    Cons

    none but must work hard

  8.  

    A very rewarding experience to have the opportunity to work in a international bank like Standard Chartered Bank.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director  in  Singapore (Singapore)
    Current Employee - Director in Singapore (Singapore)

    Pros

    Good work-life balance and provides the opportunity to gain experience in the whole range of banking products and services available out there.

    Cons

    Matrix organization can be confusing to new joiners.

    Advice to ManagementAdvice

    Continue to keep the communication with the troops going.

    Recommends
    Neutral Outlook
  9.  

    Fast-paced, Enjoyable and Challenging Experience for International Graduates in Coverage & Corporate Finance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst  in  Singapore (Singapore)
    Former Employee - Analyst in Singapore (Singapore)

    Pros

    - Good rotations across different teams within the bank, from industry coverage teams, investment banking coverage (SCB terms it as Strategic Client Coverage Group, or SCCG), or corporate finance
    - Leaders and seniors who take the time to nurture and develop you as a finance professional
    - Networks across the bank in various geographies. Opportunity to work alongside an international team
    - Good amount of deal flow for the debt-driven products given SCB's advantage as a balance sheet bank
    - Interaction with external stakeholders early on in your career. Given the opportunity to meet clients and partners in other banks, present the financial model, and learn not just about the financial aspects of a transaction, but also the legal side of things
    - Flat, non-hierarchical structure within certain teams
    - No hire and fire culture/ sink or swim culture
    - Nice view from the office at MBFC Tower 1

    Cons

    - Compensation is not pegged to market, especially if you end up in SCB Corporate Finance, where the hours you put in are substantial and comparable to other investment banks.
    - Employee Review for International Graduates is pegged to an average and determined by your graduate sponsor (mentor), who may not be your direct superior in your rotations and is less likely to grade you favourably
    - You might not end up in the team of your choice within the bank, and might be allocated to a role within the corporate banking teams instead of a corporate finance team. Competition is extremely fierce for certain teams within the bank

    Advice to ManagementAdvice

    Stay true to the values of the bank

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Great introduction to working life

    Former Employee - Business Analyst  in  Singapore (Singapore)
    Former Employee - Business Analyst in Singapore (Singapore)

    Pros

    Work life balance for most business groups
    Pretty competitive salary
    Good benefits and a huge focus on corporate social responsibility

    Cons

    Information system issues aplenty, very manual work required to work around the system limitations
    Weak HR Team that is only visible during the recruitment process

    Advice to ManagementAdvice

    Keep it up

  11.  

    Disappointing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Trader  in  Singapore (Singapore)
    Current Employee - Trader in Singapore (Singapore)

    Pros

    Has a significantly less cut-throat culture, Better work-life balance.

    Cons

    Horrible HR policies, mediocre compensation and poor opportunities for development.

    Advice to ManagementAdvice

    Start caring about your image within the industry, pay better and seek to develop talent instead of buying talent from elsewhere

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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